SEC Officials Can't Find Their Own Backsides: Lawmaker

“I’m reflecting what the American public feels,” he said. “How are they supposed to have confidence that if somebody goes to you with a complaint—gives it to you on a silver platter with all the investigations, with all the numbers, with all of the data, telling you exactly what he did, why he did it and how he knows that—and after a period after half a dozen or eight years, you don’t know anything?”

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Yesterday the General Council of the SEC defended the refusal to answer detailed questions with a claim of Executive Privilege, unwittingly revealing that the Bernie Madoff scandal has links to the Bush White House.

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